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Greece, Portugal Unveil Positive Economic News

By

Alkman Granitsas and

Jeffrey T. Lewis

Updated June 10, 2010 12:01 a.m. ET

ATHENS — Portugal's economy expanded in the first quarter compared with the previous quarter and Greece remained on track to meet its 2010 deficit targets, offering signs that two outlying economies could be gaining ground.

According to data to be released in the next few days, Greece's budget gap narrowed by around 40% in the first five months of the year, Greek Finance Minister George Papaconstantinou said at a news conference....